Posted by Reuters: Business News on February 6, 2012
TOKYO (Reuters) – Japan’s Mitsubishi Motors Corp said it will end production at its only western European plant, in the Netherlands, at the end of this year, a move that was expected as its sales in Europe have dropped to a third of their peak.
Posted by Reuters: Business News on February 5, 2012
TOKYO (Reuters) – Japan’s troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team.
Posted by Reuters: Business News on February 3, 2012
TOKYO (Reuters) – Japan’s Panasonic Corp forecast a record annual net loss of $10.2 billion on Friday, joining beleaguered rivals Sony and Sharp in a sea of red ink as they struggle to fix their broken TV businesses and overcome criticism that they have lost their way.
Posted by Reuters: Business News on February 2, 2012
TOKYO (Reuters) – Japan’s punch-drunk corporate sector looks to be out for the count, having been knocked off its feet by a strong yen just as it was staging a wobbly recovery from natural disaster.
Posted by Reuters: Business News on January 31, 2012
TOKYO (Reuters) – Toshiba Corp, Japan’s biggest chip maker, booked a 72 percent fall in quarterly operating profit and cut its annual profit forecast as a strong yen and a weak global economy hit profits at the industrial electronics conglomerate.
Posted by Reuters: Business News on January 27, 2012
TOKYO (Reuters) – Japan’s core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe’s debt crisis suppress wage growth and economic activity.
Posted by Reuters: Business News on January 25, 2012
TOKYO (Reuters) – Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors.
Posted by Reuters: Business News on January 24, 2012
TOKYO (Reuters) – Japan probably produced its first trade deficit last year in more than three decades as energy imports surged to cover for the loss of nuclear power following the Fukushima disaster, a major blow to an economy built on its exports prowess.
Posted by Reuters: Business News on January 10, 2012
TOKYO (Reuters) – Japan’s disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals.
Posted by Reuters: Business News on
TOKYO (Reuters) – Japan’s disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals.
